2pm update - extremely marginal

Equities remain stuck, any renewed strength this afternoon will offer the bull maniacs a daily close in the sp'1900s, which will open up the 1920/50 zone. VIX remains significantly lower, -10% in the mid 19s.


sp'15min

Summary

Seen in the smaller 15min cycle, we're clearly stuck at the Friday high.

As ever, it won't take much of a kick to start hitting short-stops.. and if that is the case... then another 2-3% higher seems probable... as depressing as that is.
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Regardless, no bounce will do anything to negate the critical damage that has been to the giant monthly cycles.
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Notable weakness, coal miners, BTU -5%.. sub $10s seem likely... which would lead to $5
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2.29pm The break to sp'1900, no doubt rattling some out there. With VIX -13%.. in danger of losing the 19s. That makes for one hell of a decline from 31s last Wednesday.